What is BPE?
BPE operates the Dearborn STEM Academy, a high school in Dearborn, Michigan, since August 2015. The institution has demonstrated strong performance metrics, including a 92% attendance rate, which is among the highest for BPS high schools. Notably, 94% of 8th graders opt to continue their education at Dearborn STEM for high school, and over the past three years, the school has seen a quadrupling in the number of rising 9th graders selecting it as a top choice. BPE has also successfully reduced the annual attrition rate by approximately 40%. The academic achievements of its students are also noteworthy, with 100% of seniors accepted to college in 2018, securing over $1.3 million in scholarships. In 2019, 90% of seniors were accepted into 2- or 4-year college programs or post-secondary initiatives, garnering over $1.7 million in scholarships from institutions including Brandeis, Wentworth, UConn, and Boston College.
How much funding has BPE raised?
BPE has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in BPE
PPP
Public-Private Partnership
What's next for BPE?
The recent large-scale, late-stage funding marks a pivotal moment for BPE, signaling confidence from investors in its established track record and future potential. This strategic investment is expected to fuel further expansion of its educational programs and operational capacity. BPE is likely to leverage this capital to enhance its STEM offerings, potentially broaden its reach, and continue its commitment to student success and college preparedness. The company's focus on improving student retention and post-secondary outcomes, coupled with this financial backing, suggests a trajectory aimed at solidifying its position as a leading educational institution.
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